SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

 
For the Year Ended December 31, 2014
 
 
 
NRG Home
 
 
 
 
 
 
 
 
 
 
 
NRG Business
 
Retail
 
Solar
 
NRG Renew (d)
 
NRG Yield
 
Corporate
 
Eliminations(d)
 
Total
 
(in millions)
Operating revenues(c)
$
11,024

 
$
5,503

 
$
42

 
$
427

 
$
746

 
$
75

 
$
(1,949
)
 
$
15,868

Operating expenses
8,894

 
5,240

 
108

 
183

 
274

 
72

 
(1,950
)
 
12,821

Depreciation and amortization
966

 
122

 
6

 
195

 
202

 
32

 

 
1,523

Impairment charges
87

 

 

 
32

 

 

 
(22
)
 
97

Acquisition-related transaction and integration costs
1

 
3

 

 

 
4

 
76

 

 
84

Development activity expenses
13

 

 

 
42

 

 
36

 

 
91

Total operating cost and expenses
9,961

 
5,365

 
114

 
452

 
480

 
216

 
(1,972
)
 
14,616

Gain on sale of assets
19

 

 

 

 

 

 

 
19

Operating income/(loss)
1,082

 
138


(72
)

(25
)

266


(141
)

23

 
1,271

Equity in earnings/(losses) of unconsolidated affiliates
23

 

 

 
(4
)
 
25

 
3

 
(9
)
 
38

Other income, net
35

 

 

 
5

 
3

 
78

 
(99
)
 
22

Gain on sale of equity-method investment
18

 

 

 

 

 

 

 
18

Loss on debt extinguishment

 

 

 
(1
)
 

 
(94
)
 

 
(95
)
Interest expense
(95
)
 
(1
)
 
(1
)
 
(122
)
 
(191
)
 
(806
)
 
97

 
(1,119
)
Income/(loss) before income taxes
1,063

 
137


(73
)

(147
)

103


(960
)

12


135

Income tax expense/(benefit)
1

 

 

 

 
4

 
(2
)
 

 
3

Net income/(loss)
1,062

 
137

 
(73
)
 
(147
)
 
99

 
(958
)
 
12

 
132

Less: Net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests
(1
)
 

 
(19
)
 
2

 
16

 
24

 
(24
)
 
(2
)
Net income/(loss) attributable to NRG Energy, Inc.
$
1,063

 
$
137

 
$
(54
)
 
$
(149
)
 
$
83

 
$
(982
)
 
$
36

 
$
134

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance sheet
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity investments in affiliates
$
141

 
$

 
$

 
$
148

 
$
410

 
$
174

 
$
(102
)
 
$
771

Capital expenditures(e)
611

 
34

 
113

 
160

 
13

 
53

 

 
984

Goodwill
1,746

 
387

 
98

 
12

 

 
331

 

 
2,574

Total assets
$
28,317

 
$
6,049

 
$
222

 
$
6,481

 
$
7,860

 
$
30,727

 
$
(39,190
)
 
$
40,466

(c) Operating revenues include inter-segment sales and net derivative gains and losses of:
$
1,820

 
$
7

 
$

 
$
25

 
$
12

 
$
85

 
$

 
$
1,949

(d) Includes an impairment loss resulting from the intercompany sale of solar panels at current market rates. The use of these long-lived assets is anticipated to generate sufficient cash flows to recover the historical cost of the assets and accordingly, the impairment loss was eliminated and the assets remain at historical cost in consolidation.
(e) Includes accruals.


190